ADA Surges 6.79% to Two-Month High as Futures Open Interest Hits $1.26 Billion

Cardano (ADAUSDT) has experienced a 6.79% price increase over the past 24 hours, rising from 0.7500 to 0.8009 USDT, according to Binance data. This upward movement is attributed to a combination of strong open interest in ADA futures ($1.26 billion), increased trading volume (ranging from $1.52 billion to $2.42 billion), and positive sentiment following recent gains of over 20% in the past week. Broader market factors, such as heightened institutional interest in stablecoins from major Wall Street firms and ongoing discussions in the U.S. legislative environment, have also contributed to increased activity and investor confidence. Cardano’s market capitalization stands at approximately $28.45 billion, with the asset reaching a two-month high and maintaining robust trading momentum.